pharmaceutical company

Scenario:
Imagine that a pharmaceutical company is testing a new medication to treat major depression in people whose symptoms have not been helped by existing medications.You
are part of a panel of professionals who must decide if the drug should be considered safe for human trials. The null hypothesis is that the drug is considered to be
safe. The alternative hypothesis is that the drug is considered to be unsafe.
Post by Day 3 your response to the following three items related to the scenario:
Keeping in mind that errors are interpreted in relation to the hypotheses, interpret the results of the study if a Type I error had been made. Next, interpret the
results of the study if a Type II error was made. That is, explain what Type I and Type II errors would look like in this scenario.
Based on your interpretation of Type I and Type II errors, which do you think would be worse to make in this study and why?
Discuss what would be better to use – an alpha of .05 or an alpha of .01 in this study. Explain and provide a rationale for your choice.
Justify your responses using the Learning Resources and text.
FOR YOUR ASSIGNMENTS TO BE DONE AT A CHEAPER PRICE PLACE THIS ORDER OR A SIMILAR ORDER WITH US NOW